Marijuana Company of America (OTC: MCOA), the multi-state distributor of non-THC cannabis products in the national and international consumer product sectors that operates, invests and acquires companies in the cannabis sector reported its financial results in May revealing a revenue increase of +1500% YoY.
Jesus Quintero, an executive with over 30 years of experience, is leading the exponential growth of this small-cap cannabis company, which is leveraging its resources, strategies and business environment to invest in, grow and increase shareholder value.
The firm’s revenue increase is primarily attributed to the company's new acquisition cDistro which distributes CBD and hemp products throughout the U.S. The company's total assets increased to $8.1 million as of the first quarter while the net loss decreased to $3.29 million from $3.66 million YoY.
“We are excited to have streamlined our businesses and expanded into consumer markets domestically as well as internationally. We have been active in strategic acquisitions that …